In my memory Pirelli calenders used to be more tasteful, and, probably less silicone in his tyres.
e: ****
pirelli's nearly chinese, no more calenders
e: ****
pirelli's nearly chinese, no more calenders
The news comes after the Italian government in June stripped Sinochem, Pirelli’s biggest shareholder with a 37 per cent stake, of its right to appoint a chief executive as fears grew over the Chinese state chemicals group’s tightening grip on one of Italy’s best-known industrial brands.
Following a two-stage transaction also involving Camfin, a holding company of Pirelli’s Italian investors, Tronchetti Provera’s MTP will raise its stake to 20 per cent from 14 per cent, according to a statement on Monday evening. Upon completion Italian investors will hold 26 per cent of the tyremaker’s voting rights, Camfin added.
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